National Bank Financial Downgrades Newmont (TSE:NGT) to Sector Perform Overweight

Newmont (TSE:NGT - Get Free Report) was downgraded by stock analysts at National Bank Financial from an "outperform overweight" rating to a "sector perform overweight" rating in a research report issued on Tuesday, Zacks.com reports.

Separately, National Bankshares cut shares of Newmont from an "outperform" rating to a "sector perform" rating and decreased their price objective for the stock from C$69.00 to C$68.00 in a research report on Wednesday.

Newmont Trading Up 0.5 %

Newmont stock traded up C$0.30 during trading hours on Tuesday, hitting C$56.18. The stock had a trading volume of 119,862 shares, compared to its average volume of 254,148. The business's 50 day simple moving average is C$49.29 and its 200-day simple moving average is C$50.20. Newmont has a one year low of C$39.96 and a one year high of C$68.15. The stock has a market cap of C$64.61 billion, a price-to-earnings ratio of -13.67, a P/E/G ratio of 0.78 and a beta of 0.54. The company has a quick ratio of 1.77, a current ratio of 1.25 and a debt-to-equity ratio of 32.67.

Newmont (TSE:NGT - Get Free Report) last issued its quarterly earnings data on Thursday, February 22nd. The company reported C$0.68 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of C$0.70 by C($0.02). Newmont had a negative net margin of 21.11% and a negative return on equity of 10.23%. The business had revenue of C$5.39 billion during the quarter, compared to the consensus estimate of C$4.37 billion. On average, equities analysts predict that Newmont will post 3.4813847 EPS for the current fiscal year.

About Newmont

Newmont Corporation engages in the production and exploration of gold. It also explores for copper, silver, zinc, and lead. The company has operations and/or assets in the United States, Canada, Mexico, Dominican Republic, Peru, Suriname, Argentina, Chile, Australia, Papua New Guinea, Ecuador, Fiji, and Ghana.